Mexico vs Panama: Real Effective Exchange Rate
Mexico
104.98
in 2024
Panama
105.73
in 2024
Mexico rank
37th
Panama rank
36th
Real Effective Exchange Rate over time
- Mexico
- Panama
How they compare
Panama currently reports 105.73 against 104.98 in Mexico, a difference of 0.75.
The two have swapped places 8 times across 30 shared years of data; in 1995 it was Panama ahead.
Mexico ranks 37th and Panama ranks 36th of 107 countries.
Across the 4 decades both report, Mexico averaged higher in 1 and Panama in 3.
Head to head by decade
| Decade | Mexico | Panama | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 92.88 | 111.84 | 18.96 | Panama |
| 2000s | 111.97 | 100.27 | 11.7 | Mexico |
| 2010s | 91.42 | 107.77 | 16.35 | Panama |
| 2020s | 90.99 | 98.93 | 7.93 | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher real effective exchange rate, Mexico or Panama?
- Panama, at 105.73 against 104.98 in Mexico as of 2024.
- What is the difference in real effective exchange rate between Mexico and Panama?
- 0.75, with Panama ahead.
- How many years of comparable data are there for Mexico and Panama?
- 30 years are reported by both, from 1995 to 2024.
- How do Mexico and Panama rank globally for real effective exchange rate?
- Mexico ranks 37th and Panama ranks 36th of 107 countries.
- Where does this data come from?
- World Bank staff calculations based on Datastream and IMF International Finance Statistics data, published as Real Effective Exchange Rate. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Real effective exchange rate is the nominal effective exchange rate (a measure of the value of a currency against a weighted average of several foreign currencies) divided by a price deflator or index of costs.